BoNY Still On Hook In Sentinel Trustee's $550M Suit

Law360, New York (January 28, 2009, 12:00 AM EST) -- A federal judge has let stand the majority of claims in a $550 million lawsuit filed by the Chapter 11 trustee of Sentinel Management Group Inc. against the troubled money manager's secured lender, the Bank of New York, despite the objections of the bank.

In an order issued Tuesday, Judge James B. Zagel of the U.S. District Court for the Northern District of Illinois denied BoNY's motion to dismiss the adversary action in its entirety, but agreed to drop three of the eight counts alleged by...
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